Dubai ranks 12th globally in Julius Baer’s Global Wealth and Lifestyle Report. Mortgage activity hits 14-month high. Dubai's property appeal soars.
Who will invest in Dubai's property market in future and why? Dubai Real Estate’s Resilience May Signal End of Boom-Bust Cycle. AED120bln Dubai real estate expected sales in summer 2024.
Last week, the Dubai real estate market witnessed transactions worth AED 4,247,502,132. Off-Plan Properties contributed 66.9% whiles Ready Properties contributed 33.1% to the total.
In Dubai, 270 rentals over Dh1 million annually in the first five months of 2024. Rents for three-bedroom properties surged by 15% year-on-year and 21% from 2023 to 2024.
Illegal evictions amid rent hikes spark concern among residents. Home prices surge over 27% compared to May 2023.
Last Week, the Dubai real estate market saw a robust performance with a grand total of AED 10,080,389,190 in transactions, a 27% increase over the week before.
Dubai South Properties sells out the final phase of South Bay in four hours. The UAE economy grew by 3.6% in 2023, surpassing estimates, driven by a 6.2% rise in the non-oil sector.
Abou Eid Real Estate completed the Dhs70 million Celia Residence in Dubai Studio City seven months early and sold all units of its second project. Arada Developments LLC issued a $400 million sukuk.
Why Dubai is a Prime Location for Commercial Investments? UAE corporate tax: Are investment and real estate funds exempt? World’s millionaires ready to spend nearly $800mln on Abu Dhabi, RAK homes.
Real estate FinTech Stake raises $14m to expand into Saudi market. Dubai real estate sector recorded $4.8bn of transactions last week.
Off-Plan properties contributed a substantial AED 4,097,425,871 to the week's total transactions, accounting for approximately 51.6% of the overall market activity.
Q1 2024 saw sales transactions double from Q1 2023 and triple from Q1 2022. The UAE’s real estate market is projected to reach AED 2.6 trillion by end of 2024.
